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Community Akoya.net Fund Accounting for Accountants
Our regular Community Akoya.net demo doesn't delve deeply into fund accounting, so this is a deeper dive into the integration between CRM/grants/fundraising and the general ledger, highlighting the four community foundation functions at which Community Akoya.net excels:
- spending allotment
- fund fees
- joint investment allocation
- auto-balancing

In addition, you’ll see screens used for posting administrative expenses and standard reports. We can also talk about how the CRM/grants/fundraising database interacts with the general ledger. But the focus is the “four things” above.

The accounting is implemented in Microsoft Dynamics 365 Business Central (formerly called Microsoft Dynamics NAV), in the same platform as Microsoft Dynamics 365 CRM where the donors/gifts/applicants/grants/scholarships live. You can read more at

https://dynamics.microsoft.com/en-us/business-central/capabilities

but note the screens on the web are conspicuously for for-profit businesses. In Community Akoya.net we’ve hidden the functions that deal with purchasing/sales/inventory/profit/loss, so it will be appropriate for non-profits.

Jun 13, 2019 1:00 PM in Central Time (US and Canada)

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